Unstable equilibriums

Geo Chen · Fidenza Macro · March 25, 2026 at 04:40 · ⏱ 3 min read  | Read on Substack ↗
Summary
The author reports on a 14-point ceasefire proposal presented to Iran by the White House. Markets have reacted with a slight recovery on hopes of a deal, but the situation remains an unstable equilibrium pending Iran's full response.
  • The White House has presented a 14-point list of conditions to Iran to secure a ceasefire.
  • Financial markets have shown a slight recovery on the news, indicating optimism for a potential deal.
  • The situation is described as an unstable equilibrium, as the outcome depends on Iran's response.
Read time 3 min
Length 3,147 chars
Category macro
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